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Earnings Per Share
 9 Months Ended
Jun. 29, 2013
Earnings Per Share [Abstract]  
Earnings Per Share
EARNINGS PER SHARE
The following is a reconciliation of the amounts utilized in the computation of basic and diluted earnings per share (in thousands, except per share amounts):
 
 
Three Months Ended
 
Nine Months Ended
 
June 29,
2013
 
June 30,
2012
 
June 29,
2013
 
June 30,
2012
Basic and Diluted Earnings Per Share:
 
 
 
 
 
 
 
Net income
$
23,204

 
$
23,533

 
$
57,795

 
$
61,361

Basic weighted average common shares outstanding
33,797

 
34,982

 
33,744

 
34,819

Dilutive effect of share-based awards outstanding
566

 
661

 
482

 
682

Diluted weighted average shares outstanding
34,363

 
35,643

 
34,226

 
35,501

Earnings per share:
 
 
 
 
 
 
 
Basic
$
0.69

 
$
0.67

 
$
1.71

 
$
1.76

Diluted
$
0.68

 
$
0.66

 
$
1.69

 
$
1.73


For both the three and nine months ended June 29, 2013, stock options and stock-settled stock appreciation rights ("SARs") for approximately 2.0 million shares were not included in the computation of diluted earnings per share because the options’ and stock-settled SARs’ exercise prices were greater than the average market price of the Company's common shares and, therefore, their effect would be anti-dilutive.

For the three and nine months ended June 30, 2012, stock options and stock-settled SARs for approximately 1.4 million and 1.3 million shares, respectively, were not included in the computation of diluted earnings per share because the options' and stock-settled SARs' exercise prices were greater than the average market price of the Company's common shares and, therefore, their effect would be anti-dilutive.

As a result of the Company's stock repurchase program, there were fewer shares outstanding for the three and nine months ended June 29, 2013 as compared to the three and nine months ended June 30, 2012. Refer to Note 14, "Shareholders' Equity" for further information on the Company's stock repurchase program.